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RCG Corporation Ltd acquires saucony wholesale and podium sports retail businesses and secures distribution licence

Sunday, 24 Nov 2013 05:17pm EST 

RCG Corporation Ltd:Says company has acquired both the Saucony wholesale and distribution businesses in Australia and New Zealand, and the Podium Sports retail business from Authentics Australia Pty Ltd, effective Dec 2.Says it also secured a new five‐year, exclusive Saucony distribution licence from Wolverine Worldwide Inc.Says consideration will be issued approximately 8.69 million fully paid ordinary RCG shares at an effective issue price of 68.3 cents per share to interests associated with the sellers of the businesses, and approximately $2.95 million in cash, with final numbers to be determined at completion.Says RCG will not be seeking shareholder approval in relation to the proposed issue of shares. 

Company Quote

0.01 +1.39%
30 Jan 2015